Illinois Tool Works Inc. · NYSE:ITW
Illinois Tool Works — Q3 2024 Earnings Presentation
9 slides from Illinois Tool Works's earnings presentation, Oct 30, 2024
Slide 1: Third Quarter 2024 Earnings Conference Call
Third Quarter 2024 October 30, 2024 Earnings Conference Call
Slide 2: Forward-Looking Statements
Forward-Looking Statements Safe Harbor Statement This presentation and related conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements regarding global supply chain chal
Slide 3: Q3'24 Financial Performance
Q3’24 Financial Performance GAAP EPS $2.55 $3.91 +53% COMMENTARY - Ex. divestiture gain $2.65 +4% • Demand continued to moderate across our portfolio - Q3 revs. were approx. 0.5%-pt / $25M lower than they $4.0B $4.0B (2)% would have been had demand held at levels exiting Q2 (1)% • Strong execution o
Slide 4: Q3'24 Segment Performance
Q3’24 Segment Performance Q3’24 YTD OPERATING MARGIN PERFORMANCE AUTOMOTIVE OEM Op. Margin VPY Automotive OEM 19.5% +220 bps (3)% 19.4% +50 bps $799M $772M 18.9% Food Equipment 27.2% Flat T&M / Electronics 24.2% +40 bps Welding 32.6% +10 bps Polymers & Fluids 27.3% +110 bps Q3'23 Q3'24 Q3'23 Q3'24 C
Slide 5: Q3'24 Segment Performance
Q3’24 Segment Performance FOOD EQUIPMENT TEST & MEASUREMENT/ELECTRONICS Flat Flat 25.7% +190 bps 28.4% +110 bps $698M $697M $678M $677M 27.3% 23.8% Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 Revenue Operating Margin Revenue Operating Margin • Organic revenue flat • Organic revenue (1)% • Equipm
Slide 6: Q3'24 Segment Performance
Q3’24 Segment Performance WELDING POLYMERS & FLUIDS +70 bps 32.3% $468M $462M (1)% 31.6% $458M (2)% (20) bps $448M 28.1% 27.9% Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 Revenue Operating Margin Revenue Operating Margin • Organic revenue (1)% • Organic revenue 1% • Equipment (1)%, Consumables (
Slide 7: Q3'24 Segment Performance
Q3’24 Segment Performance CONSTRUCTION PRODUCTS SPECIALTY PRODUCTS $522M (8)% +30 bps +6% +330 bps $438M $479M $414M 31.1% 29.9% 30.2% 27.8% Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 Q3'23 Q3'24 Revenue Operating Margin Revenue Operating Margin • Organic revenue (9)% • Organic revenue 6% • North America (
Slide 8: 2024 Financial Guidance
2024 Financial Guidance COMMENTARY GAAP EPS $9.74 $11.63 - $11.73 +20% - Ex. divestiture gain $10.37 – $10.47 +7% • Raised 2024 GAAP EPS guidance by $1.33 at the mid-pt. - Adjusted for divestiture gain of $1.26 & projected 2024 $16.1B $16.0 – $16.2B tax rate of approx. 21.5% ~flat • 2024 operational
Slide 9: Q&A
Q&A